UK competition watchdog launches Phase 1 inquiry into IBM's planned acquisition of cloud service provider HashiCorp
TECHNOLOGY POWERING BUSINESS
News Enterprise
Run:ai To Open Source Software As Nvidia Completes $700m Buy
Israeli start-up Run:ai to open source GPU management software as Nvidia completes $700m buyout, following antitrust scrutiny
OpenAI Gives Details On For-Profit Shift
OpenAI to create public benefit corporation in Delaware in effort to put it on even footing with competitors, attract investors
SoftBank Promises To Invest $100bn In US
Japanese tech investment firm SoftBank promises to invest $100bn during Trump's second term to create 100,000 AI-related jobs
AI Start-Up Basis Raises $34m For Accountancy Agent
Start-up Basis raises $34m in Series A funding round for AI-powered accountancy agent to make up for shortfall in human CPAs
Bitcoin Hits New High Over $107,000 On Trump Comments
Bitcoin surges more than 5 percent after Trump reaffirms plans for national strategic crypto reserve, as optimism grows
Broadcom Value Jumps Over $1tn On AI Optimism
Broadcom stock price surges 24 percent after company predicts 'massive' opportunity from custom AI chips for large customers
China Video Game Sales Hit Record $44bn
Sales in domestic China video game market, world's second-biggest, hit record $44.8bn amidst release of high-profile titles
Intel Interim CEOs Hint At Selling Foundry Business
After Pat Geslinger ousting, Intel's interim CEOs admit firm may be forced to sell Foundry business if new chip-making tech does not succeed
Meta Donates $1 Million To Donald Trump Inauguration Fund
Weeks after CEO Mark Zuckerberg met with Donald Trump privately at Mar-a-Lago, comes news of donation to his inauguration fund
US Awards Micron $6.1 Billion From US Chips Act
Biden administration awards $6.1 billion subsidy from US Chips Act for Micron's Idaho and and New York plants
GM Kills Cruise Robotaxi Business, After Funding Is Pulled
General Motors kills Cruise robotaxi ambitions, after halting funding for the loss-making autonomous vehicle unit
Former OpenAI Researcher Raises $40m For AI Voice Start-Up
Former co-developer of voice mode for OpenAI's ChatGPT launches WaveForms AI to make AI voice interactions feel more intuitive
OpenAI Seeks To Remove Commercial ‘AGI’ Constraint
ChatGPT developer OpenAI reportedly discussing removal of provision that blocks Microsoft from accessing super-intelligent AI
Elon Musk’s xAI Closes $6bn Funding, Plots Colossus AI Supercomputer Expansion
SEC filing reveals that Elon Musk’s AI firm, xAI, has raised another $6 billion, as it pledges to expand Colossus supercomputer
Trump Nominates Cryptocurrency Advocate Paul Atkins As SEC Chair
President-elect Donald Trump nominates a new chairman to head the SEC, who is a noted cryptocurrency advocate
CMA Clears Vodafone, Three Merger After Price Promise
UK regulator approves Vodafone, Three merger, after receiving commitments over price, network, and virtual mobile operators
Bitcoin Surges Past $100,000 For First Time, Amid Trump Optimism
Crypto optimism under Trump's presidency, pushes the price of Bitcoin past $100,000 for the first time ever
Celsius Founder Alex Mashinsky Pleads Guilty To Fraud
Founder of former cryptocurrency lender Celsius Network, Alex Mashinsky, pleads guilty to two counts of fraud
Germany Shoulders €600 Million Of Northvolt Debt
Lender KfW is to be reimbursed by the German government more than €600 million ($629 million) of Northvolt debt
Intel Says $7.86bn Grant From US Will Restrict Foundry Spin-off
Chip giant's plan for Intel Foundry to be spun off as independent subsidiary will be restricted after US government grant
OpenAI Allows Staff To Sell $1.5 Billion Stock To SoftBank – Report
SoftBank is to acquire more OpenAI shares, after the AI startup allows staff to sell their shares to Japanese tech giant
UK’s FCA Confirms Plan For Crypto Regulation By 2026
British financial regulator outlines roadmap and timelines to implement regulatory oversight for 'high risk' crypto
Biden Administration To Loan Rivian $6.6 Billion For EV Factory
Consequence for Elon Musk? Biden administration provisionally agrees $6.6 billion loan to Rivian, so it can construct EV factory in Georgia
Just Eat To Delist From London Stock Exchange
Another blow for UK's ambition to attract tech firms to its stock market, after Just Eat Takeaway requests LSE delisting
Amazon To Pump Another $4bn Into AI Start-Up Anthropic
Amazon to invest a further $4bn into AI start-up Anthropic, doubling its investment as it vies against stiff competition
Northvolt Files For Bankruptcy Protection In US
Northvolt files for Chapter 11 bankruptcy protection in the United States, and CEO and co-founder Peter Carlsson steps down
UK’s CMA Readies Cloud Sector “Behavioural” Remedies – Report
Targetting AWS, Microsoft? British competition regulator soon to announce “behavioural” remedies for cloud sector
Bitcoin Rises Above $96,000 Amid Trump Optimism
Bitcoin price rises towards $100,000, amid investor optimism of friendlier US regulatory landscape under Donald Trump
FTX Co-Founder Gary Wang Spared Prison
Judge Kaplan praises former FTX CTO Gary Wang for his co-operation against Sam Bankman-Fried during sentencing hearing